Hungarian non-financials remain net lenders in 2012

Telco

Hungarian non-financial companies had net financing capacity of HUF 766 billion, or 2.7% of GDP, in 2012, the National Bank of Hungary (MNB) reported on Tuesday. The companies were net lenders for the fourth consecutive year last year. They shifted from an earlier net borrowing position due to the onset of the global financial and economic crisis in 2009. Net financing capacity rose from 2.0% of GDP recorded both in 2010 and 2011. In the fourth quarter alone, non-financial businesses had net financing capacity of HUF 213 billion, or 2.8% of the quarter's GDP. The quarterly net lending ratio dropped gradually from 5.2% in Q2 and 3.7% in Q3. In Q1 last year, businesses were net borrowers to the tune of 1.2% of quarterly GDP, for the first time in one year.

ADVERTISEMENT

Takarékbank lowers 2021 GDP growth forecast to 6.9% Analysis

Takarékbank lowers 2021 GDP growth forecast to 6.9%

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.